Alternative capital ups capacity for power property risks. ILS interested

The influence of alternative forms of reinsurance capital are beginning to be felt much more broadly across both the insurance and reinsurance market, with one area of note being the market for power industry property insurance risks. According to insurance and reinsurance broker Willis Group's latest report on the Construction, Property read the full article →

MDA EarthSat Weather expand wind generation forecast to include Europe

MDA EarthSat Weather, a consulting group for weather risk and commodity weather products and services, have announced the expansion of their current wind generation forecast product range. They are expanding their focus beyond the U.S. and will now offer forecast data and information for stations in the UK, Ireland, and read the full article →

Energy markets still the primary users of weather risk management tools

At the recent Weather Risk Management Association's (WRMA) 13th annual meeting held in Houston, Texas earlier this month participants on a panel about power and natural gas agreed that the energy markets continue to be the primary users of weather hedging and weather risk management tools. The energy markets including power read the full article →

GE Energy and WSI launch wind forecasting products

I spotted an interesting press release on the website of GE Energy today which I thought relevant to our readership. It discusses a partnership between GE Energy and WSI Corporation which will offer more accurate forecasting tools to owners and operators of wind farms and their transmission or distribution partners. read the full article →

Weather risk management not working for Washington Gas?

Earlier this month I wrote about Star Gas Partners and their 10Q report which left you with the impression that they had failed to protect themselves against the vagaries of the weather even though they run what seems a decent weather risk management program. The 10Q perhaps highlighted that just read the full article →